Because of the high owner involvement, small businesses often need a few more of the financial duties looked after so that they can focus on what they are good at. construction bookkeeping A solid foundation will help you avoid mistakes and support your growth as your business expands. From our experience, most startups save money […]

It can be sold at a later date to raise cash or reserved to repel a hostile takeover. Some liabilities are considered off the balance sheet, meaning they do not appear on the balance sheet. Balance sheets should also be compared with those of other businesses in the same industry since different industries have unique […]

This certificate is ideal for small business owners, those currently working in QuickBooks or those looking to go into the bookkeeping field. It is possible to take and pass the exam before you have obtained your 2 years of experience. According to the Bureau of Labor Statistics, there are a lot of jobs for bookkeepers, […]

When a specific bad debt is identified, the allowance for doubtful accounts is debited (which reduces the reserve) and the accounts receivable account is credited (which reduces the receivable asset). Financial forecasting is predicting a company’s financial future by examining historical performance data, such as revenue, cash flow, expenses, or sales. This involves guesswork and […]

Some of the more challenging aspects of applying the equity method of accounting and accounting for joint ventures are discussed next. An investor must consider the substance of a transaction as well as the form of an investee when determining the appropriate accounting for its ownership interest in the investee. If the investor does not […]

Content Add Up The Company’s Current Assets Working Capital Formula Refinance debt Why should a business calculate change in net working capital? How do you calculate net working capital? Negative Net Working Capital Knowing the difference between working capital and non-cash working capital is key to understanding the health of your cash flow and the […]

Getting a small business bookkeeping service like ours will give you a clearer and broader insight of your expenditures, as well as your profits. These financial reports can help you define a better budget and allocate your funds to the right things. We are trusted by numerous small business owners and the number continues to […]

You can also have far more flexibility with your employees if you allow them to work remotely. This is vital when you’re looking to make big financial and strategic decisions and want access to the most up to date and relevant data. Cloud accounting is the practice of using an accounting system that’s accessed through […]

This is not an issue for users of traditional accounting software, as most traditional accounting software options do not use the internet or use a local area network for their connections. Also, if you are tired of a particular service, you’ll be able to easily switch from one platform to another at no extra cost […]

What is essential here is to get an accurate figure of your costs. Do your due diligence to make sure you’re billing your clients fairly. But, don’t minimize your worth and expertise in the pricing process. Consider how frequently you provide services to a client when making up your mind about what to charge. Some […]